Manchester United’s stock market valuation rose as much as 17% after news broke that the Glazers were willing to sell the club. The American family has spent 17 years at the helm of the Red Devils, their tenure filled with fan protest.
United have struggled since Sir Alex Ferguson retired in 2013, and the club has tried to rebuild numerous times since then, but failed miserably. They have also not won a Premier League title since then.
And after numerous protests from fans calling for a change of ownership, those supporters have finally had their wish granted. They will also take confidence from the belief in the club, as shown on the bag.
After reports surfaced that the Glazers were willing to announce that they were open to offers for the club, share prices rose 17% to $13.10. Given the size of United, it is widely reported that the Glazers will accept a multi-billion dollar offer to sell the club outright. Various reports claim that early indications are that the Glazers might want anything from £5bn to £9bn for a full sale.
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Asked what figure would be considered acceptable, a Sky Sports journalist brand kleinman He said: “United is the most followed football club in the world by some measures, widely regarded as having a fan base of over a billion people worldwide, which is far more than some of the biggest social networks, so I think we’re going to be talking about a very substantial sum of money, well above United’s stock market valuation.
“In fact, tonight, United’s share price has risen as much as 17%, demonstrating that investors believe there is a credible prospect of United changing hands at a valuation well above the current share price. . I think it would be demeaning at this point to speculate on specific numbers.
“Over the last few months, people have said that it would take a £9bn offer to persuade the Glazers to sell; I think that’s pretty farfetched. But could it be £5 billion? Well, potentially, if you look at the respective valuations of Chelsea, potentially Liverpool and other clubs that have changed hands of late, certainly a £4bn or £5bn figure doesn’t seem out of the question.”
Britain’s richest man, Sir Jim Ratcliffe, has spoken about the possibility of buying United before, having failed with his offer to buy Chelsea earlier this year. Ratcliffe is a lifelong Red Devils fan and has also insisted that he has no intention of buying Liverpool because of it.
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